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Author Question: If the price level rises relative to the money wage rate, firms ________ the quantity of labor they ... (Read 216 times)

Lobcity

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on: Jun 29, 2018
If the price level rises relative to the money wage rate, firms ________ the quantity of labor they demand and workers ________ the quantity of labor they supply.
 
  A) increase; increase
  B) increase; decrease
  C) decrease; increase
  D) decrease; decrease

Question 2

A person quits her job in order to spend time looking for a better-paying job. This type of unemployment is an example of
 
  A) frictional unemployment.
  B) cyclical unemployment.
  C) seasonal unemployment.
  D) structural unemployment.


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tashiedavis420

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


Lobcity

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

Dinolord

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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